# Canadian North Resources Inc. Reports Extraction Rates of 99% Nickel, 98% Cobalt and 90.6% Copper in the Second Set of Bioleaching Tests for the Ferguson Lake Project in Canada

Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/canadian-north-resources-inc-reports-extraction-rates-of-99-nickel-98-cobalt-and--33ea07fc-184e-4601-af2a-803612e982fa

Original source: https://money.tmx.com/en/quote/CNRI/news/5283608553653728/canadian-north-resources-inc-reports-extraction-rates-of-99-nickel-98-cobalt-and

Publisher: tmx

Original announcement: 2025-10-07T12:00:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- Company: Canadian North Resources Inc.

- Ticker: CNRI

- Exchange: TSX

- Region: Nunavut, Canada

- Primary commodity: Nickel

- Secondary commodities: Cobalt, Copper, Palladium, Platinum, Gold

- Document categories: Metallurgy

- Extracted: 2026-09-13 19:13:05 UTC

Narrative sentiment: 0.80 · Bullish

## Minestarters Atlas summary

Canadian North Resources reported high metal extraction rates from its second set of bioleaching tests at the Ferguson Lake Project, achieving up to 99% Ni, 98% Co, and 90.6% Cu. The tests suggest a self-sustaining process that generates sufficient heat and acid, potentially enabling low-energy, low-cost mineral processing. Initial cyanide leach testing on the bioleaching residues also showed strong recoveries for gold and palladium.

Reasoning: The second set of bioleaching tests demonstrated exceptionally high extraction rates for Ni, Co, and Cu at low temperatures, with the potential for a self-sustaining, low-energy metallurgical process.

- Positive factor: High metal extractions \(99% Ni, 98% Co, 90.6% Cu\)

- Positive factor: Self-sustaining bioleaching process \(generates own heat and acid\)

- Positive factor: Low temperature operation \(52-65°C\) reduces energy requirements

- Positive factor: High PGM and gold recoveries from bioleaching residues

- Negative factor: Bench-scale testing only \(not pilot scale\)

Facts used in scoring: 9

## Classification and evidence

**Mill Route**

Polarity: neutral

Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\).

Why it applies: The bioleaching process is described as a metallurgical process for the recovery of metals from massive sulphides.

Evidence · text

> bio-metallurgical technology

**Multi-Domain Tested**

Polarity: positive

Definition: Variability across ore domains \(oxide, transition, fresh\) has been addressed.

Why it applies: 3 distinct composites were tested

## Extracted facts

Stored fact records: 9. Some facts used in scoring do not have a stored record.

## Metallurgical Results (9)

### bioleaching

[Link to this fact](https://atlas-extractions.minestarters.com/news/canadian-north-resources-inc-reports-extraction-rates-of-99-nickel-98-cobalt-and--33ea07fc-184e-4601-af2a-803612e982fa#fact-metallurgical-facts-0)

Ferguson Lake · copper

#### Identity

- Project: Ferguson Lake
- Commodity: copper
- Region: canada\_nu
- Reported Region: Nunavut, Canada
- Ticker: CNRI

#### Test Work

- Program Status: preliminary
- Test Type: bioleaching
- Processing Route: bioleaching
- Sample: J10228 52C massive sulphide, 18 days

#### Recovery

- Recovery: 65.2 %
- Recovery Basis: actual\_test
- Head Grade: 1.08
- Head Grade Unit: %

#### Lab

- Laboratory: RPC

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-10-07T00:00:00.000Z

Reasoning: 65.2% Cu recovery at 18 days is relatively low compared to later tests.

Evidence · table

> 65.2

Context: 1.08

#### Tags used in scoring

**Low Recovery**

Polarity: negative

Definition: Recovery below the weak band for the commodity and processing route.

Why it applies: 65.2% is below the weak band \(80%\)

### bioleaching

[Link to this fact](https://atlas-extractions.minestarters.com/news/canadian-north-resources-inc-reports-extraction-rates-of-99-nickel-98-cobalt-and--33ea07fc-184e-4601-af2a-803612e982fa#fact-metallurgical-facts-1)

Ferguson Lake · nickel

#### Identity

- Project: Ferguson Lake
- Commodity: nickel
- Region: canada\_nu
- Reported Region: Nunavut, Canada
- Ticker: CNRI

#### Test Work

- Program Status: preliminary
- Test Type: bioleaching
- Processing Route: bioleaching
- Sample: J10228 52C massive sulphide, 18 days

#### Recovery

- Recovery: 81.5 %
- Recovery Basis: actual\_test
- Head Grade: 0.97
- Head Grade Unit: %

#### Lab

- Laboratory: RPC

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-10-07T00:00:00.000Z

Reasoning: 81.5% Ni recovery at 18 days.

Evidence · table

> 81.5

Context: 1.08

### bioleaching

[Link to this fact](https://atlas-extractions.minestarters.com/news/canadian-north-resources-inc-reports-extraction-rates-of-99-nickel-98-cobalt-and--33ea07fc-184e-4601-af2a-803612e982fa#fact-metallurgical-facts-2)

Ferguson Lake · cobalt

#### Identity

- Project: Ferguson Lake
- Commodity: cobalt
- Region: canada\_nu
- Reported Region: Nunavut, Canada
- Ticker: CNRI

#### Test Work

- Program Status: preliminary
- Test Type: bioleaching
- Processing Route: bioleaching
- Sample: J10228 52C massive sulphide, 18 days

#### Recovery

- Recovery: 86.8 %
- Recovery Basis: actual\_test
- Head Grade: 0.095
- Head Grade Unit: %

#### Lab

- Laboratory: RPC

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-10-07T00:00:00.000Z

Reasoning: 86.8% Co recovery at 18 days.

Evidence · table

> 86.8

Context: 1.08

### bioleaching

[Link to this fact](https://atlas-extractions.minestarters.com/news/canadian-north-resources-inc-reports-extraction-rates-of-99-nickel-98-cobalt-and--33ea07fc-184e-4601-af2a-803612e982fa#fact-metallurgical-facts-3)

Ferguson Lake · copper

#### Identity

- Project: Ferguson Lake
- Commodity: copper
- Region: canada\_nu
- Reported Region: Nunavut, Canada
- Ticker: CNRI

#### Test Work

- Program Status: preliminary
- Test Type: bioleaching
- Processing Route: bioleaching
- Sample: J10245 65C massive sulphide, 55 days

#### Recovery

- Recovery: 90.6 %
- Recovery Basis: actual\_test
- Head Grade: 1.08
- Head Grade Unit: %

#### Lab

- Laboratory: RPC

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-10-07T00:00:00.000Z

Reasoning: High copper extraction rate achieved at 65°C.

- Positive factor: 90.6% Cu recovery

Evidence · table

> 90.6

Context: 1.08

### bioleaching

[Link to this fact](https://atlas-extractions.minestarters.com/news/canadian-north-resources-inc-reports-extraction-rates-of-99-nickel-98-cobalt-and--33ea07fc-184e-4601-af2a-803612e982fa#fact-metallurgical-facts-4)

Ferguson Lake · nickel

#### Identity

- Project: Ferguson Lake
- Commodity: nickel
- Region: canada\_nu
- Reported Region: Nunavut, Canada
- Ticker: CNRI

#### Test Work

- Program Status: preliminary
- Test Type: bioleaching
- Processing Route: bioleaching
- Sample: J10245 65C massive sulphide, 55 days

#### Recovery

- Recovery: 99 %
- Recovery Basis: actual\_test
- Head Grade: 0.97
- Head Grade Unit: %

#### Lab

- Laboratory: RPC

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-10-07T00:00:00.000Z

Reasoning: Near-total nickel extraction.

- Positive factor: 99.0% Ni recovery

Evidence · table

> 99.0

Context: 1.08

#### Tags used in scoring

**High Recovery**

Polarity: positive

Definition: Recovery at or above the exceptional band for the commodity and processing route.

Why it applies: 99% is at or above the exceptional band \(90%\)

### bioleaching

[Link to this fact](https://atlas-extractions.minestarters.com/news/canadian-north-resources-inc-reports-extraction-rates-of-99-nickel-98-cobalt-and--33ea07fc-184e-4601-af2a-803612e982fa#fact-metallurgical-facts-5)

Ferguson Lake · cobalt

#### Identity

- Project: Ferguson Lake
- Commodity: cobalt
- Region: canada\_nu
- Reported Region: Nunavut, Canada
- Ticker: CNRI

#### Test Work

- Program Status: preliminary
- Test Type: bioleaching
- Processing Route: bioleaching
- Sample: J10245 65C massive sulphide, 55 days

#### Recovery

- Recovery: 99.3 %
- Recovery Basis: actual\_test
- Head Grade: 0.095
- Head Grade Unit: %

#### Lab

- Laboratory: RPC

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-10-07T00:00:00.000Z

Reasoning: Near-total cobalt extraction.

- Positive factor: 99.3% Co recovery

Evidence · table

> 99.3

Context: 1.08

### cyanide leach

[Link to this fact](https://atlas-extractions.minestarters.com/news/canadian-north-resources-inc-reports-extraction-rates-of-99-nickel-98-cobalt-and--33ea07fc-184e-4601-af2a-803612e982fa#fact-metallurgical-facts-6)

Ferguson Lake · gold

#### Identity

- Project: Ferguson Lake
- Commodity: gold
- Region: canada\_nu
- Reported Region: Nunavut, Canada
- Ticker: CNRI

#### Test Work

- Program Status: preliminary
- Test Type: cyanide leach
- Processing Route: CN leach
- Sample: J10227 MS55 Res CN Leach Residue

#### Recovery

- Recovery: 83.5 %
- Recovery Basis: actual\_test
- Head Grade: 0.004
- Head Grade Unit: g/t

#### Lab

- Laboratory: RPC

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-10-07T00:00:00.000Z

Reasoning: Good gold recovery from bioleaching residues via cyanide leach.

- Positive factor: 83.5% Au recovery from residues

Evidence · table

> 83.5

Context: 0.004

### cyanide leach

[Link to this fact](https://atlas-extractions.minestarters.com/news/canadian-north-resources-inc-reports-extraction-rates-of-99-nickel-98-cobalt-and--33ea07fc-184e-4601-af2a-803612e982fa#fact-metallurgical-facts-7)

Ferguson Lake · palladium

#### Identity

- Project: Ferguson Lake
- Commodity: palladium
- Region: canada\_nu
- Reported Region: Nunavut, Canada
- Ticker: CNRI

#### Test Work

- Program Status: preliminary
- Test Type: cyanide leach
- Processing Route: CN leach
- Sample: J10227 MS55 Res CN Leach Residue

#### Recovery

- Recovery: 82.2 %
- Recovery Basis: actual\_test
- Head Grade: 0.325
- Head Grade Unit: g/t

#### Lab

- Laboratory: RPC

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-10-07T00:00:00.000Z

Reasoning: Good palladium recovery from bioleaching residues via cyanide leach.

- Positive factor: 82.2% Pd recovery from residues

Evidence · table

> 82.2

Context: 0.325

### cyanide leach

[Link to this fact](https://atlas-extractions.minestarters.com/news/canadian-north-resources-inc-reports-extraction-rates-of-99-nickel-98-cobalt-and--33ea07fc-184e-4601-af2a-803612e982fa#fact-metallurgical-facts-8)

Ferguson Lake · platinum

#### Identity

- Project: Ferguson Lake
- Commodity: platinum
- Region: canada\_nu
- Reported Region: Nunavut, Canada
- Ticker: CNRI

#### Test Work

- Program Status: preliminary
- Test Type: cyanide leach
- Processing Route: CN leach
- Sample: J10227 MS55 Res CN Leach Residue

#### Recovery

- Recovery: 40.8 %
- Recovery Basis: actual\_test
- Head Grade: 0.324
- Head Grade Unit: g/t

#### Lab

- Laboratory: RPC

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-10-07T00:00:00.000Z

Reasoning: Platinum recovery is significantly lower than other metals in the residue leach.

- Negative factor: Low platinum recovery \(40.8%\)

Evidence · table

> 40.8

Context: 0.324

## How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.